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GuruFocus has detected 7 Warning Signs with Daktronics Inc $DAKT.
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Daktronics Inc (NAS:DAKT)
EV-to-EBIT
22.66 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Daktronics Inc's enterprise value is $358.5 Mil. Daktronics Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2017 was $15.8 Mil. Therefore, Daktronics Inc's EV/EBIT ratio for today is 22.66.

DAKT' s EV-to-EBIT Range Over the Past 10 Years
Min: -420.5   Max: 100.3
Current: 22.67

-420.5
100.3

During the past 13 years, the highest EV/EBIT Ratio of Daktronics Inc was 100.30. The lowest was -420.50. And the median was 16.60.

DAKT's EV-to-EBIT is ranked lower than
63% of the 1704 Companies
in the Global Computer Systems industry.

( Industry Median: 15.93 vs. DAKT: 22.67 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Daktronics Inc's enterprise value for the quarter that ended in Apr. 2017 was $351.6 Mil. Daktronics Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2017 was $15.8 Mil. Daktronics Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2017 was 4.50%.


Definition

Daktronics Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=358.488/15.818
=22.66

Daktronics Inc's current Enterprise Value is $358.5 Mil.
Daktronics Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2017 was 8.093 (Jul. 2016 ) + 12.986 (Oct. 2016 ) + -7.056 (Jan. 2017 ) + 1.795 (Apr. 2017 ) = $15.8 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

This is a more accurate valuation of companies' operation because it consider the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt).

Daktronics Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2017 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Apr. 2017 )=EBIT (TTM)/Enterprise Value (Q: Apr. 2017 )
=15.818/351.5662
=4.50 %

Daktronics Inc's Enterprise Value for the quarter that ended in Apr. 2017 was $351.6 Mil.
Daktronics Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2017 was 8.093 (Jul. 2016 ) + 12.986 (Oct. 2016 ) + -7.056 (Jan. 2017 ) + 1.795 (Apr. 2017 ) = $15.8 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Enterprise Value, Earnings Yield (Joel Greenblatt), Earnings Before Interest and Taxes (EBIT)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Daktronics Inc Annual Data

Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15Apr16Apr17
ev2ebit 14.328.28-36.7916.6124.1711.4613.5412.0898.2822.23

Daktronics Inc Quarterly Data

Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17Apr17
ev2ebit 14.7412.0818.2321.3722.3498.2842.5025.6433.7322.23
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